Petrol Price Hike by Rs.2.96 per Litre, From Tuesday Midnight

All the major oil marketing companies in India were forced to hike the prices of petrol by Rs.2.96 per liter w.e.f Tuesday midnight (15 Dec 2010), as we saw a surge in the crude oil price in last week. This will definitely create a pressure on the economy, as we may again see inflation surging ahead.

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